by Anthony Megna

Created on: November 13, 2009   Last Updated: May 02, 2012

Are credit card companies that greedy that they have to enslave millions of college students already racked with debt? The answer is yes, unfortunately, they are. These students are going to become indentured servants, not only trying to pay back school loans, but inflated credit card bills on top of that!  Many college students will have an enormous amount of debt after they graduate, especially students that go to expensive private colleges. That is, if their parents aren't paying their bills. .

Okay, so the student needs financial help, right? Why not charge it up, there is always tomorrow to pay it off. The problem is, the money that is charged today becomes so grotesquely expensive tomorrow that to charge willy-nilly will lead to debt depression in the future. There is no getting around it, and the credit card companies know that. They want all those indentured servants under their control, and they love people to pay a little each month, in fact just over the minimum payment. Then they have you for life.

No, credit card companies SHOULD NOT target college students. Don't have the money to go out clubbing this weekend with your college buddies? Too freaking bad, buddy. Unless you get a job while going to school, then learn to do without. This spend now, pay later habit has to stop. The country is in serious trouble because of it, and we are in the worst recession since the Great Depression because of our infantile spending habits. Still think the credit card companies should target college students?

There is no question that a majority of students with credit cards are going to go over their budget. The facts speak for themselves. Who is going to pay all of this debt? This happens to be a microcosm of the way the country operates itself right now, for heaven's sake. We pay so much interest in this country, and most of it is going to foreign countries that are buying our debt, for whatever reason. We keep going further and further into debt, and we are driving our dollar down to third-world levels. Just print more money! Is that really the answer here? Well, the government seems to think so. Still think credit card companies should target college students?

How the hell are these students going to pay off these debts with the economy the way it is? Unemployment rates are the highest since the 70's, and there seems to be no end in sight to all of these layoffs. Just who is going to make that minimum payment? Because sure as death and taxes you can't pay the whole credit card bill unless you get lucky in Vegas or the lottery or that rich uncle dies off, and soon!

Still think credit card companies should target college students? Answer yes if you like domestic financial terrorists.....

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